Thursday, 31 October 2013

Just For Laugh ....Do you know how MLM work in term of compensation in the stock market?

Newer participants in the "downline" providing multiple levels of compensation to earlier participants or lao jiao in the "upline".In this MLM Stock Market Game, you pay your due first with part of your hard earned income from your day job to the earlier participants or lao jiao in the "upline".After a few years of contribution from your earned income, then you may step up in levels of compensation according to your "seniority" in the stock market.

Wednesday, 30 October 2013

Sembcorp Industries (SCI) today announced that its wholly-owned
subsidiary, Sembcorp Environment, has agreed to divest its entire stake
in Sembcorp Enviro (India) to Ramky International (Singapore) for $7.25
million.

Sembcorp Enviro (India) is a special purpose vehicle that owns a 51
per cent stake in SembRamky Environmental Management, a medical waste
collection and treatment player in India.

The divestment is in line with SCI's efforts to streamline its businesses and sharpen its strategy for the India market.

IN RESPONSE to the tumultuous events of the past three weeks
involving the speculative trio of stocks Asiasons, Blumont and LionGold,
the Singapore Exchange (SGX) last Friday issued a detailed
clarification to correct what it believes are misconceptions about its
role as frontline market regulator.

Clearly intended to be the final word on the subject, SGX's
explanations are useful as they address gaps in the public's
understanding of the way regulatory matters are handled and how the
exchange views its role. Last Friday's release should be compulsory
reading for all parties interested in regulatory matters, how discipline
is maintained in daily trading, and overall governance.

From a close reading of SGX's release, the first point to note is
that the exchange's powers are limited almost wholly to issuing warning
signals to the market if trading takes an unusual turn. These warnings
range in strength, starting with a query - the first signal that
something may be amiss. Then it progresses to designation (which occurs
if there may be possible manipulation and/or excessive speculation); and
ends with an exchange-driven suspension (when the exchange thinks the
market is not orderly, informed or fair).

A temporary suspension could, of course, come ahead of designation as
shown in the case of the speculative trio. But the point that should be
stressed is that SGX's primary regulatory role in daily trading - apart
from enforcing its listing rules - is to sound warnings.

Monday, 28 October 2013

- The expansion is in line
with Sembcorp’s drive to offer its customers competitive energy
solutions which also reduce their carbon footprint

Sembcorp Industries (Sembcorp)
continues to deliver on its strategy to grow its green energy capacity
in Singapore, commencing commercial operations of a S$30 million
expansion to its Sembcorp Woodchip Boiler Plant on Jurong Island. The
expansion triples the output of the plant – which produces renewable
energy from woodchip, a sustainable alternative fuel derived from waste
wood – to 60 tonnes per hour of steam from its initial of 20 tonnes per
hour capacity.
Funded through internal resources, the expansion to this green energy
plant is in line with Sembcorp’s drive to provide its customers with a
competitively priced solution to their steam needs, while reducing their
carbon footprint.

The Sembcorp Woodchip Boiler Plant was Sembcorp’s first renewable energy
plant in Singapore. Since it began operations in 2011, it has offered
an economical, environmentally-friendly source of steam to serve the
needs of petrochemical manufacturers in the Sakra area of Jurong Island.
The newly enlarged woodchip boiler plant will use around 400 tonnes per
day of woodchip processed from construction and demolition waste
collected by Sembcorp’s solid waste management operations, the largest
operator in Singapore. It is also estimated to reduce carbon dioxide
emissions by about 70,000 tonnes a year.

This expansion of the Sembcorp Woodchip Boiler Plant comes on the back
of Sembcorp’s recent announcement that it will invest over S$250 million
to build, own and operate the Sembcorp Energy-from-Waste Plant, a steam
production facility capable of producing 140 tonnes per hour of process
steam using industrial and commercial waste. With both facilities, come
2016 Sembcorp would have grown its energy-from-waste capabilities in
Singapore by ten-fold in five years to 200 tonnes per hour, and met its
target of fulfilling one-third of its existing customers’ steam demand
using alternative fuel.

Globally, Sembcorp’s renewable energy capabilities span biomass, wind
power and energy-from-waste solutions, with facilities in Singapore, the
UK and China. In the UK, Sembcorp owns and operates a 35 megawatt
wood-fuelled biomass power station, and has announced the development of
a second energy-from-waste facility capable of generating 49 megawatts
of gross power or 190 tonnes per hour of steam using municipal and
commercial waste. In China, it has wind power assets with a combined
capacity of 248 megawatts in Inner Mongolia and Hebei. Put together,
Sembcorp’s renewable energy assets comprise around 5% of its global
portfolio of power and steam assets.
The transaction is not expected to have a material impact on the
earnings per share and net asset value per share of Sembcorp Industries
for the current financial year.

Do you keep a journal or note pad to remind yourself of your own investing mistakes and success?From these frequent reviews, you will learn from your own investing mistakes to avoid future panic buying or selling and to gain insights from your own investing success to push Luck Factor further.But, how many retail investors bother to do that?Record what?Review what?

Reduce mistakes is pretty obvious to anyone who has lost big in the stock market.How about gain insights? Not so obvious to any untrained investing mind. Right?Now you start thinking first ... okay?

Do you keep a journal or note pad to remind yourself of your own investing mistakes and success?From these frequent reviews, you will learn from your own investing mistakes to avoid future panic buying or selling and to gain insights from your own investing success to push Luck Factor further.But, how many retail investors bother to do that?

Saturday, 26 October 2013

While other finance or investment bloggers have given up on reading more books as there is not much differences.But,Uncle8888 is still searching for more such books; but it is extremely difficult to fish out the minor differences among these books.We are all also looking at the same publicly available financial numbers and technical charts. What made us absolutely different from many others in the same market?It is that minor difference in our investing mind that will make us absolutely different. That minor thinking may have big impact on our simple decision on buy, hold or sell.

Friday, 25 October 2013

Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Source: Income - Ministry of ManpowerCW8888: If we can make $2.5K to 3K passive income per person or $5K to $6K per couple should be comfortable in Singapore. Right?

Median Gross Monthly Income From
Work of Full-Time Employed
Residents ($)

Data exclude full-time National Servicemen.

Data are for mid-year.

Residents refer to Singapore Citizens and Permanent Residents.

Gross monthly income from work refers to income earned
from employment. For employees, it refers to the gross monthly wages or
salaries before deduction of employee CPF contributions and personal
income tax. It comprises basic wages, overtime pay, commissions, tips,
other allowances and one-twelfth of annual bonuses. For self-employed
persons, gross monthly income refers to the average monthly profits from
their business, trade or profession (i.e. total receipts less business
expenses incurred) before deduction of income tax.

Before 2009, full-time refers to employment where the
normal hours of work is at least 30 hours a week while part-time refers
to employment where the normal hours of work is less than 30 hours a
week. From 2009 onwards, the threshold between full-time and part-time
was revised from 30 hours to 35 hours to align with the revised
definition in the Employment Act.

Data for 2005 are not available as the Comprehensive
Labour Force Survey was not conducted due to the conduct of the General
Household Survey by Department of Statistics, Ministry of Trade and
Industry.

Stocks recovered the previous day's
losses to close higher Thursday, with the S&P 500 regaining its
footing above 1,750, as Wall Street cheered a handful of upbeat earnings
and encouraging economic data from China.

The Dow and S&P 500 are on track for their third-straight winning week.

The Dow Jones Industrial Average soared 95.88 points to end at 15,509.21, boosted by Visa and Home Depot.
The blue-chip index is within 1.5 percent from hitting its record high.
The Dow has flip-flopped between gains and losses for nine-consecutive
sessions.

The S&P 500 gained 5.69 points to close at 1,752.07. For the year, the S&P 500 is up a cool 20 percent. And the Nasdaq climbed 21.89 points to finish at 3,928.96.

Meanwhile, the CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, was parked in a range for most of the session near 13.

Thursday, 24 October 2013

Samsung fined $340,000 for faking online comments

After being caught paying for
false praise and negative comments about competitors, Samsung has been
fined just over $340,000. The issue first arose internationally in
April, when Taiwan's Fair Trade Commission (FTC) announced it was opening an investigation into the allegations.
That investigation found the allegations were true: the FTC says
Samsung used a "large number of hired writers and designated employees"
to post in Taiwanese forums. The commission does add that the company
did this through a third-party marketing company, just as Samsung
originally claimed. Two local marketing firms were fined a combined
total of over $100,000 for their part in the marketing ploy.

When news first broke of
Samsung's behavior, HTC was presented as the victim of a campaign of
defamation from the Korean company's army of commenters, but the FTC's
report into the matter doesn't mention the Taiwanese company by name.
Instead, it only notes that the company paid people to "highlight the
shortcomings of competing products." The commission did dig up a lot
more nefarious activity related to Samsung's commenters, though. The
list of infractions includes the "disinfection of negative news about
Samsung products," "palindromic Samsung product marketing," and the
positive evaluation of Samsung products.

Both individually and
collectively, these types of covert marketing are known in the industry
as "astroturfing." While Samsung is by no means the first company to
engage in astroturfing, it's been caught in the act twice this year
alone. In relation to a later case, Samsung told The Verge that it remains "committed to engaging in transparent and honest communications with consumers."

CW8888: Really tough to know what is real and what is fake in the Cyberworld!

CW8888: World-class example of Super Super Giant Pillow in practice! :-)By John Carney Carl Icahn's Netflix investment may be the most annoying Best Trade Ever. Last fall, Icahn revealed that he had bought a 10 percent stake in Netflix . His average price per share was around $58 each.

Back
on Oct. 10, Icahn started selling shares. The biggest sale took place
Tuesday, when he sold for an average price of just over $344, for a
total of $819 million. That means he made a profit of about $645 million
on Tuesday's sale alone.

All told, his profit for the fourteen month investment was between $700 and $800 million . And he still owns about half of his original stake.

TEMASEK Holdings has sold its entire direct stake in office
landlord Keppel Reit (KReit) in a share placement that started on Monday
evening, sources close to the deal said yesterday.

The deal involved 103,994,321 shares offered at a price range of
between $1.195 and $1.21 per share, the sources said. This represents a
1.6-1.8 per cent discount to the trust's last closing price of $1.23 on
Oct 21. The placement offer amounted to an estimated $125 million.

By the market close on Tuesday, some 163 million shares worth $194.4
million had changed hands, market data from the Singapore Exchange
showed.

Temasek's share sale works out to 3.74 per cent of KReit,
representing the stake it had received from the dividend in specie
distributed by Keppel Corp to its shareholders during its FY2012 final
results announced on Jan 24, 2013.

Monday, 21 October 2013

How much of your investment success is due to outcome bias and luck factor?How can you know?

Hmm......

Measure, then you will know.The Luck factor is likely to run out over a large number of occurrences over a long period of time. Right?For stock investment, we can measure Portfolio XIRR since inception over long period of time e.g. 15, 20, 30 years or more.Portfolio = Stocks + War Chest (Cash available for investing)XIRR is a measure of number over a period of time. A portfolio of stocks and war chest is a definitely a large number and 15 years (2 - 3 market cycles) should be long enough for a retail investor.XIRR is like

When we are no longer young; but old enough to be near retirement or semi-retirement phase.We will face the two greatest financial fears in our life:1. Inflation on our life expenses2. Permanent Loss of Capital due to forced selling during market low to meet liquidity needs for life expenses

As retirees without the capability of injecting new capital, we must never lose our investing capital during market low. Once we locked in permanent loss of capital, it will become extremely difficult to recover without new capital. That is why.SMOL: It’s good to be young and feeling invincible! Treasure this moment. We are only young once Uncle8888 doesn't feel good but feel weak!Nowadays, he looks way beyond emergency fund as he is kiasu and kiasi! A typical Singaporean Uncle. Bo Pian!See Uncle8888's model of Way beyond Emergency Fund:

"There's a substantial glut in shipbuilding capacity in China and the yards aren't getting orders so they're making a push into offshore rig markets," Religare Capital analyst Vincent Fernando was quoted in the report, which noted that China may rival Singapore in terms of rig production capacity by 2015.

With little signs of a recovery in the global shipbuilding sector, Chinese and South Korean yards are incentivized to win contracts in the offshore construction markets – including rigs – to compensate for the dip in new ship orders. Yards struggling to stay afloat in China – the world’s largest shipbuilder according to Clarkson Research – are tempted to undercut market prices for newbuild rigs in order to win contracts.

In addition, Chinese yards offered attractive payment terms to lure customers compared to Singapore yards, which based their contracts on milestone payment structure. Analysts noted that Chinese yards have cut down payment requirements to as low as 2.5 percent of contract value compared with 20 percent before 2010.

“Chinese yards were desperate because they ran out of conventional ships to build … they were offering crazy terms to attract customers,” Keppel’s CEO Choo Chiau Beng, who best summed up the challenge posed by the new competitors from China, told Bloomberg News.

You have been reading more investment and finance books or already stop reading anymore???

Did you realize the color of the Pill that you are taking after each reading?

Morpheus:
This is your last chance. After this, there is no turning back. You take
the blue pill - the story ends, you wake up in your bed and believe
whatever you want to believe. You take the red pill - you stay in
Wonderland and I show you how deep the rabbit-hole goes.

Friday, 18 October 2013

- Plans to build, own and operate a total water
management plant that aims to achieve “zero liquid discharge” at a
coal-to-diesel project in Wangqiao Industrial Park, Shanxi province
- Secures a 15-year service agreement to serve state-owned Shanxi Lu’an Group

Sembcorp Industries (Sembcorp) is pleased to announce that it will be
developing a total water management plant to support a coal-to-diesel
project in Wangqiao Industrial Park, located in Changzhi city in China’s
Shanxi province. This total water management plant will offer the most
comprehensive range of water products and solutions, amongst the water
facilities that Sembcorp has developed in China.

This total water management plant will provide up to 57,600 cubic
metres per day of industrial and potable water, 81,600 cubic metres per
day of demineralised water and 984,000 cubic metres per day of cooling
water, and treat up to 24,000 cubic metres per day of high concentration
industrial wastewater and 9,600 cubic metres per day of high salinity
industrial wastewater. The plant will also be capable of reclaiming up
to 38,400 cubic metres per day of water from treated industrial
effluent, aiming to achieve “zero liquid discharge”. The plant is
expected to be completed in phases between late 2014 and 2015.

The total water management plant will serve Shanxi Lu’an Group
(Lu’an), for its one million tonnes per annum coal-to-diesel project in
Wangqiao Industrial Park, under a 15-year service agreement that
Sembcorp’s wholly-owned subsidiary, Sembcorp (China) Holding Co, has
secured. With this service agreement, Sembcorp will be the first to
build, own and operate a total water management plant to provide such
solutions to large-scale coal-to-diesel projects in China. Lu’an’s
project is the first large-scale coal-to-diesel project approved by
China’s relevant authorities and has strong support from the Chinese
government as it is part of the national energy strategy. The main
products from Lu’an’s coal-to-diesel facility will be liquefied
petroleum gas, naphtha and high quality diesel. Wholly owned by the
Shanxi Provincial Government, Lu’an is one of the largest state-owned
coal enterprises in Shanxi province and one of the top 100 enterprises
in China.

This project is in line with Sembcorp’s plans to develop water
projects for industries in China, where the Group aims to offer its
innovative water solutions to water-stressed regions. This is the second
“closed loop” total water management project that Sembcorp is
developing in China, following its award-winning project in the
Zhangjiagang Free Trade Port Zone. Sembcorp’s total water solutions not
only help customers comply with discharge regulations and limit
environmental impact, but also reduce liquid discharge and conserve
precious water resources by promoting water reuse, thereby closing the
water loop.

Sembcorp will invest approximately RMB932 million (S$189.9 million)
to develop this new project, which will be funded by internal resources
and external borrowings. Sembcorp will establish a wholly-owned
subsidiary, Sembcorp Changzhi Water Co, to manage the plant.

Tang Kin Fei, Sembcorp Group President & CEO, said, “We are
pleased to bring our expertise in total water management and integrated
industrial water solutions to support Shanxi Lu’an Group in their
coal-to-diesel facility. Besides serving their water requirements, we
also help them protect the environment and conserve water resources.

“We are honoured to be selected by Shanxi Lu’an Group for this
important project as it is testament to our total water management
capabilities and the strong reputation that Sembcorp has built in China.
This project also gives us our first foothold to tap into the
coal-to-chemical sector, which includes coal-to-diesel, coal-to-gas and
coal-to-alkene facilities, and we look forward to securing more projects
in this sector.”

With this latest project, Sembcorp will have a presence with 23
utilities operations across 11 provinces in China, serving both
industrial and municipal customers.

The transaction is not expected to have a material impact on the
earnings per share and net asset value per share of Sembcorp Industries
for the current financial year.

Stocks closed at session highs Wednesday,
with the Dow up 200 points and S&P within 1 percent of hitting its
record, after Senate leaders announced a long-awaited compromise to
raise the debt ceiling and put an end to the government shutdown.

For retirees and near-retirees, when we look back at people around us who have moved up way ahead of others in climbing the corporate ladder or move on to start their own business or pursue their passion.What do these people unlikely to have in common?

No Goal. No Aim. No Dream???

Fortunately, Uncle8888 has realised it not too late in Year 2000 and put in lots of effort to learn how not to end up as an Average retail investor in his 60s.Same here. Look at those kids and students. No Goal. No Aim. No Dream. They are more likely to end up as Average students when they have completed their study.Read? Dare to Goal. Aim and Dream

Monday, 14 October 2013

Total Return before Tax increased 14.6% year-on-year ("y-o-y") to $115.9 million

Net Property Income for YTD Sep 2013 increased 9.9% y-o-y to $100.9
million due mainly to improved performance from Ocean Financial Centre
and the additional contribution from 8 Exhibition Street, a premium
freehold Grade A office building in prime central business district
("CBD") of Melbourne, Australia

Share of Results of Associates for YTD Sep 2013 registered an
improvement of 33.2% y-o-y to $46.4 million due to improved performance
from Marina Bay Financial Centre Phase 1 and One Raffles Quay

Distributable Income for YTD Sep 2013 rose 6.1% y-o-y to $159.1 million

Excluding construction revenue arising from the flue gas treatment upgrade following its completion last year, Group revenue for 9M 2013 remained stable at $50.8 million compared to 9M 2012.

Profit after tax for 9M 2013 was $10.9 million, contributing to earnings per unit (EPU) of 1.72 cents for the period. Excluding the contribution from the construction of the flue gas treatment upgrade last year, profit after tax was $0.2 million or 2.0% lower compared to 9M 2012.

Net asset value per unit as at 30 September 2013 was $0.99 compared to $1.02 as at 30 June 2013, due to the distribution payment of 3.13 cents on 15 August 2013.

Being more Patience add stress to you???When you are getting more stress by watching the stock market up and down on each trading day; and if you are not into fishing. Try taking up Fishing as your new hobby. It costs less than $30 to get into this Boot Camp as fishermen. They are known to be patient men and women.It is just waiting and watching the sea waves; there is really nothing much to do other than chatting with your fishing kakis or "talking" softly to yourself.

The Best Thing you learn in Fishing.

You absolutely learn that fish come to you. There is no way for you to force the fish to come to you.

Friday, 11 October 2013

MUMBAI - Singapore global utility services company Sembcorp has
signed a deal to purchase a majority stake in NCC Power Projects for
about 5 billion rupees (S$102 million), the Economic Times cited people
with knowledge of the development as saying.

“The deal size, which
is just little above par of investment made so far, reflects the
current unfavourable market conditions,” one of the persons said.

Sembcorp, part-owned by Temasek Holdings, however, has agreed
to pay premium amounts based on milestones over the next few years.
“Premium payments to be paid over a period of time based on milestone
achievements may match the premiums paid to power projects in India in
the past,” the person added.

NCC Power Projects, promoted jointly
by Hyderabad-based infrastructure firms NCC and Gayatri Projects, is
building a 1,320-mw coal-fired plant in Nellore district in Andhra
Pradesh with total investments of Rs 7,050 crore. NCC, which owns 55 per
cent in the venture, invested Rs 460 crore out of the planned Rs 969
crore. The plant is expected to be ready by March 2015.

A senior
NCC official confirmed the talks with Sembcorp and that a preliminary
agreement has been signed. “Definitive agreement will be signed in a
month or two. NCC did not invest the total equity amount it was supposed
to for 55 per cent holding in the joint venture. Now, after the deal,
Sembcorp will bring in the balance amounts,” he said.

Sembcorp did not respond queries.

The deal with NCC will be the third major investment for Sembcorp in India and its second in power sector purchase.

Scheduled for delivery in 4Q 2015, the jackup rig is intended for
operations in offshore Mexico. Built to Keppel's market-established
KFELS B Class design, the rig will be able to operate in water depths of
up to 400 feet, drill to depths of 30,000 feet with accommodation for
126 persons and a BOP system of 18-3/4 x 15,000 PSI.

With this latest contract, a total of 13 KFELS B Class jackup rigs have been ordered for the Mexican market since 2010.

Mr Chow Yew Yuen, Chairman of Keppel AmFELS, COO and CEO-Designate of
Keppel O&M, said, " This is the fifth jackup that Keppel AmFELS is
building for Perforadora Central since 2002. We have steadily built up a
strong partnership with them and are pleased that our valued customer
is once again entrusting us with a newbuild order for the Mexican
market.

"We are very honoured to be building another of our proprietary KFELS
B Class jackup rig for them, and we look forward to delivering it in
keeping with Keppel's hallmark of safe, on-time and within budget
execution."

To date, Keppel AmFELS has completed Tonala, an ultra premium KFELS B
Class jackup rig for Perforadora Central in 2004, followed by Tuxpan, a
LeTourneau S116E rig in 2010. The Papaloapan jackup, which was ordered
by Perforadora Central in March 2011, was successfully delivered in
April this year. Currently under construction is the Coatzacoalcos
jackup which is on track for completion in 1Q 2014.

A spokesperson from Perforadora Central said, "There is strong demand
from PEMEX for high quality rigs and the KFELS B Class is a top class
jackup with a proven track record operating in Mexico. Our current KFELS
B Class jackup in operation, the Tonala, has been performing
outstandingly for PEMEX and we are confident that this next jackup will
be just as successful. It is an important addition to our portfolio of
premium rigs as we expand our presence to be a leading provider of
drilling solutions in Mexico.

"Earlier this year, Keppel AmFELS delivered the Papaloapan jackup to
our highest satisfaction and we are certain that this new order as well
as the Coatzacoalcos jackup currently under construction will also
exceed our expectations. Having worked with Keppel AmFELS for more than
10 years, they have demonstrated their expertise and commitment to
always provide the highest standards of service, quality and safety on
every project."

Keppel O&M is the leading rig provider to the Mexican market,
with a total of 20 projects delivered or on order for Mexico including
this new order. Of the 20 projects, 15 are of Keppel's proprietary KFELS
B Class design.

By Tom SightingsDo you get smarter as you get older, or does time slowly erode your
cognitive abilities? A recent study from the University of California at
Riverside and Columbia University, with the mind-bending title
"Complementary Cognitive Capabilities, Economic Decision Making and
Aging", has the answer.

Researchers tested a group of 20-somethings and people in their 60s and 70s in various financial subjects such as basic financial literacy,
knowledge about debt, tolerance for risk and how much the participants
thought about their financial futures. Despite a general loss of mental
acuity, the older group did better than the younger test-takers in
virtually every category. How is that?

The researchers explained the results by teasing apart two different
kinds of intelligence. Fluid intelligence involves short-term memory,
problem solving and the ability to manipulate information and process it
quickly. Crystallized intelligence consists of a "stable repository of
knowledge acquired through experiences, culture and education."

As we age, we lose fluid intelligence, but gain crystallized
intelligence. "For decisions that rely heavily on processing new
information, it is likely that the negative effects of aging will
outweigh its positive effects relatively early in middle age," the study
concludes. "On the other hand, if the decision relies on recognizing
previously learned patterns in a stable environment, age may be an
advantage."

It turns out that for most financial decisions it's better to rely
on knowledge, experience and "previously learned patterns" than it is to
exhibit an ability to quickly process new information. There are five
areas, in particular, where older people outshine their younger
counterparts:

1. Retirees demonstrate a better understanding of finance and debt. Perhaps
older people can't solve an equation quite as fast as their sons and
daughters. But a greater knowledge about assets, loans and interest
rates leads older people to make better decisions in the real world.
They are more likely to save and invest in the first place, then make better financial decisions
such as choosing mutual funds with low fees. They also avoid high-cost
borrowing, such as taking out payday loans or carrying credit card
balances, and they are wary of incurring other financial costs, such as
high bank fees.

2. Older people have more control over their emotions. They are less likely to buy at the top, then panic and sell
at the bottom. They are more skeptical about jumping on the latest
investment trend or buying on a hot tip, which is almost always a
mistake. Older people are less likely to get sucked into a financial
bubble that is about to burst. Who suffered the most during the housing
bubble of the late 2000s? Not retirees, but first-time buyers.

3. They are better at avoiding irrelevant information. Most
older investors have the ability to tune out the noise from CNBC and
other financial media, which focuses too much attention on the news of
the day, especially when the news is not even that relevant to your
investments. The latest pronouncement from the Fed or impasse in
Washington can get everyone excited, but older investors know that while
today is stormy, the sun may come out tomorrow or vice versa.

4. Older investors have a sense of their own limitations. Young people
can be cocky, overconfident and convinced they are always right. Their
older brethren have gone through some bitter experiences, and know that
sometimes forecasts don't pan out. And there is no more important
quality in a good investor than a bit of humility. Experienced investors
know the frustration of hoping that a losing investment will somehow
make a comeback, when all the evidence says it will not. They have the
discipline to take a small loss now rather than wait around for a
complete catastrophe.

5. Seniors are more patient. They
are more able to weather the ups and downs of the market, without
panicking and changing their minds with every twist of the financial
wind. Younger people who can process information more quickly may make
better day traders, but day traders almost always lose money. People who
are slowly building up wealth over time in a considered and strategic
way know that the experience and accumulated knowledge of a seasoned investor will win out in the end.

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About Me

I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Cheers!
Last updated: 16 Oct 2016

Disclaimer

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